He who places his hope on thee, O Virgin all-glorious, will prosper in all he does.

Inscription on Byzantine coin during reign of Romanus III

Sunday, July 27, 2008

Condo Flippers Are Cheering

The residential real estate bailout is waiting for W's signature. Speculators in real estate and mortgage securities and the risk-management failures at Fannie and Freddie are in porcine heaven.

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